Trade Financial News

Open Mainnet launch is set to go live on Thursday, marking a major shift toward decentralization in the cryptocurrency ecosystem. The launch enables external blockchain connectivity, allowing transactions beyond the closed Pi Network ecosystem for the first time. The launch has also fueled speculation over a potential Pi Coin listing on major exchanges like Binance and OKX. The excitement has already driven Pi Coin’s price up 106%, briefly pushing it past the $100 mark.

foreign fund outflow is weighing on investor sentiments. At the interbank foreign exchange, the rupee opened at 86.88 and gained further ground to trade at 86.79 against the greenback during early deals, up 19 paise from its previous close.

«At the same time, I do think that we have underperformed big time and there is too much of focus on these FIIs sell flows and when exactly it will end,» says Hemang Jani, Independent Market Expert. A little hopeful with the recovery in the broader markets yesterday. Do you think we are closer to the end of the pain for the overall market fall? Hemang Jani: I do not think Nifty has been finding some sort of support around these levels. Though we do see a bit of volatility here and there, but there is a by and large comfort in the indices like Nifty and Bank Nifty. After a long time, we have seen a bit of a revival come through in the broader market midcaps and smallcaps where the pain was there for past many days.

Gland Pharma Ltd.(up 1.61 per cent), Cipla Ltd.(up 1.1 per cent), Lupin Ltd.(up 0.49 per cent), Zydus Lifesciences Ltd.(up 0.26 per cent) and Glenmark Pharmaceuticals Ltd.(up 0.1 per cent) were among the top gainers.

Domestic benchmark index NSE Nifty fell 47.31 points to 22885.6, while the BSE Sensex traded 235.62 points down at 75703.56.

Subscribe to enjoy similar stories. MUMBAI : Corner-office executives across the world are wary of regulatory changes sparked by fresh tariff barriers, complicating investment decisions and adding to business uncertainties, said Ole Matthiessen, global head of cash management and head of corporate bank for Asia-Pacific, Middle East and Africa at Deutsche Bank. “Tariffs add uncertainty, forcing clients to rethink supply chains and investments.

Federal Reserve meeting minutes signaled that it’s in no rush to cut interest rates. Stocks in Japan and Australia dropped while equity index futures for Hong Kong also drifted lower. Contracts for US stocks also slipped in early Asian trading after the S&P 500 climbed 0.2% on Wednesday to set a new high, with defensive sectors outperforming in a sign of investor caution. The yen extended its rally against the greenback on Thursday to trade around 151 per dollar.

Cognizant Technology Solutions has alleged that India’s second largest IT major Infosys was «caught red-handed» stealing the trade secrets of its healthcare software TriZetto.

«The ongoing indecisiveness in the index is keeping participants on edge, and this volatility may persist on Thursday. We maintain our view of adopting a stock-specific approach, focusing on resilient sectors and themes, particularly those holding strong even during market downturns, and accumulating them gradually,» said Ajit Mishra – SVP, Research, Religare Broking.

Subscribe to enjoy similar stories. Another cooperative lender is now embroiled in an alleged fraud. Mumbai-based New India Cooperative Bank faces crippling curbs from RBI and its board has been dissolved, similar to what PMC Bank faced in 2019.

European Union would be agreeable to work upon beneficial trade agreements with the United States which could have a mutual advantage. This announcement comes along the lies of the EU willing to discuss about the future of tariffs on motor vehicles and other kinds of goods that are exported to the US.

The Canadian government has pulled the country’s banks into the fight against fentanyl, recruiting them to join a money-laundering intelligence group that aims to cut off the funds that support trafficking of the deadly drug.

In the midst of United States President Donald Trump‘s threat to impose 25 per cent tariffs on steel and aluminum imports from all countries beginning next month, a consensus in Canada is emerging that parts of this country’s trade policy regarding metals are broken.

Uncertainty around tariffs and a potential trade war with the United States were the likely culprits behind home sales falling off during the last week of January, according to the Canadian Real Estate Association (CREA). That weakness pushed national sales down 3.3 per cent compared to December, CREA said in its latest housing report.

Donald Trump has sparked a gold rush, literally.

Federal Reserve officials in January agreed they would need to see inflation come down more before lowering interest rates further, and expressed concern about the impact President Donald Trump's tariffs would have in making that happen, according to meeting minutes released Wednesday. Policymakers on the Federal Open Market Committee unanimously decided at the meeting to hold their key policy rate steady after three consecutive cuts totaling a full percentage point in 2024. In reaching the decision, members commented on the potential impacts from the new administration, including chatter about the tariffs as well as the impact from reduced regulations and taxes. The committee noted that current policy is «significantly less restrictive» than it had been before the rate cuts, giving members time to evaluate conditions before making any additional moves. Members said that the current policy provides «time to assess the evolving outlook for economic activity, the labor market, and inflation, with the vast majority pointing to a still-restrictive policy stance.

Narendra Modi is only the third head of government or state, after Israel's Benjamin Netanyahu and Japan's Shigeru Ishiba, to be received in Washington after Donald Trump's second inauguration as president of the US. This reflects the importance the US under Trump continues to attach to its relations with India. It also reflects the affinity, both personal and ideological, that Modi and Trump appear to share.

Subscribe to enjoy similar stories. Gurugram: On the night of 6 December 2024, when Indigo Airlines flight 6E 1032 touched down in Chennai from Kuala Lumpur, it unloaded an unusual piece of luggage: nearly 5,200 red-eared slider turtles huddled in boxes, each smaller than the size of a palm.

Goldman Sachs on Wednesday bought shares of leading stock exchange BSE for Rs 401 crore through an open market transaction. According to the bulk deal data available on National Stock Exchange (NSE), US-based Goldman Sachs through its arm Goldman Sachs (Singapore) purchased 7.28 lakh shares of BSE Ltd. The shares of Mumbai-headquartered BSE were picked up at an average price of Rs 5,504.42 apiece, taking the deal value to Rs 401.19 crore.

In its 2024 preliminary results presentation today (19 February), Glencore said it is currently looking at an «optimal location for our primary listing» to bolster value for the company's shareholders. Number of UK companies mulling moving their listing doubles in 12 months «We are not saying the London Stock Exchange is bad,» Glencore's CEO Gary Nagle stated, adding that the firm is considering whether there is «a better exchange for us to trade our securities». «The joy of not doing it immediately but doing it soon is that we continue to buy back our own stock cheap, so before we...